Snack pellet are ready to eat snacks. They are made up with variety of grains including corn, wheat, rice, tapioca or potatoes and various vegetables. It is a semi-finished product which is generally sold to snack manufacturers. Owing to ready to eat facility the snack pellet equipment market is expected to grow substantially over the period of time. The extensive application of snack pellets in bakery and other food industry is another factor that is promoting the growth if global snack pellet equipment market from 2019 to 2027. The use of these pellets to add taste to the various food cuisines is yet again another factor that is promoting the growth of global snack pellet equipment market.
A recent report by Transparency Market Research provides in-depth analysis of global snack pellet equipment market. The report covers crucial facets such as key growth drivers, market opportunities, and notable developments of global snack pellet equipment market. The report provides valuable insights to the players and help them to have better decision making process.
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Global Snack Pellet Equipment Market: Notable Developments
The global snack pellet equipment market is highly fragmented and competitive in nature. The market is dominated by the activities of some of the prominent players. These players pose a great challenge for a new comer to establish itself in the market. To overcome these challenges, the new players are adopting strategies such as merger, collaborations, and partnerships. These strategies are allowing the new players to compete against well-established corporate giants in the global snack pellet equipment market.
On the other hand, the key players are focusing on product launches and heavy investments in the field of research and development. These steps provide much needed competitive edge to stay ahead of their rivals. With above mentioned factors, producers are also likely to focus on product launches and innovations catering to the poultry and swine applications.
- In November 2017, GEA Germany took-over Pavan Group to expand its snack pellet equipment product portfolio. The acquisition also helped the company to strengthen its brand presence in global snack pellet equipment market across the globe.
- In December 2016, Clextral launched EVOLUM+ twin-screw extruders, which is equipped with advanced technology and provides high flexibility and control for developing high product quality and stability.
Some of the prominent players of global snack pellet equipment market are: Clextral, GEA Group, Buhler AG, N.P. & Company, Inc., Kiremko B.V., JAS Enterprises, Grace Food Processing & Packaging Machinery, Tsung Hsing Food Machinery Co., Ltd., AC Horn Manufacturing, Jinan Dayi Extrusion Machinery Co., Ltd, Mutchall Engineering Pvt. Ltd, and Radhe Equipments.
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Global Snack Pellet Equipment Market: Key Drivers
The changing lifestyle of people in various regions across the globe is one of the major factors that is influencing the growth of global snack pellet equipment market during the forecast of 2019 to 2027. Changing work culture of people in various countries is yet another factor that is promoting the growth of global snack pellet equipment market. Moreover, advantages such as enhanced shelf-life of the food products, easy storage, cost-effective transportation is surging the demand for snack pellet equipment these days. Owing to this rising demand, the global snack pellet equipment market is expected to witness a remarkable growth in coming years of the forecast.